MANAMA: GFH Financial Group (GFH) announced the signing of an agreement with Bahrain Bourse (BHB) and the Central Bank of Bahrain (CBB), which will allow the group to offer the Murabaha service to its clients. The service, launched in May 2020, is provided through the utilization of Sharia’a-compliant Ijara Sukuk as the underlying asset for the undertaking…
Incident in Atlantic Sapphire’s US facility
MIAMI: On Tuesday, March 23, 2021, Atlantic Sapphire USA LLC, a wholly owned subsidiary of Atlantic Sapphire ASA, had an incident in one of its grow out systems at Miami facility. The other systems were unaffected. The Company’s preliminary analysis, which remains subject to change, indicates that an identified design weakness from its RAS supplier…
EcoOnline lists on Euronext Growth Oslo
OSLO: EcoOnline, a leading provider of EHSQ software, has today been admitted to trading on Euronext Growth Oslo. For more than 20 years, EcoOnline has developed innovative solutions helping businesses in all industries and sizes to create safer, more sustainable, and more efficient workplaces. Today EcoOnline has a leading position in all the Nordic countries…
XLMedia completes acquisition of US Sports asset, Sports Betting Dime
LONDON: XLMedia, a leading global digital performance publisher, has completed the acquisition of the business and assets of Sports Betting Dime, which was first announced on 18 March 2021. The website sportsbettingdime.com is now operating under XLMedia’s existing licences and referring clients to its regulated US operator partners, under normal contractual terms. Stuart Simms, CEO…
TP ICAP announces completion of Liquidnet acquisition
LONDON: TP ICAP Group plc has completed the acquisition of Liquidnet Holdings Inc., a news release said. The Acquisition creates a diversified global markets infrastructure and data solutions provider. The Enlarged Group is well-positioned to benefit from powerful market structure trends related to buyside objectives. These include achieving trade process efficiency and best execution, which…
Altona signs MoU to acquire Mozambique rare earths mining project
LONDON: Altona Rare Earths has entered into a Memorandum of Understanding (MoU) with Ussokoti Investimetos Limitada to start a legal and technical Due Diligence period of 90 days with a view to acquiring up to 70% in the Monte Muambe Rare Earths Project, via an earn-in arrangement. The tenement is located in Tete Province, Northwestern…
Parkmead announces divestment of non-core acreage and acceleration of renewable energy project
LONDON: Parkmead, the independent energy group, has completed two successful sales of two separate areas of non-core land from its UK renewable energy portfolio for an aggregate consideration of £4.0 million. This divestment follows detailed analysis carried out across the Group’s onshore land portfolio. Sites with the largest renewable energy potential have been retained and…
Biopharma Credit Plc announces new investment
LONDON: BioPharma Credit along with its subsidiary BioPharma-V has entered into a US$300 million definitive senior secured loan agreement with LumiraDx Investment Limited and LumiraDx Group Limited. The Company will invest US$150 million and BioPharma-V will invest an additional US$150 million. Based in the UK, LumiraDx is a next-generation point of care, or POC, diagnostic…
Mitratech gets strategic investment from Ontario Teachers’ Pension Plan Board
AUSTIN: Mitratech has agreed to a strategic investment from Ontario Teachers’ Pension Plan Board, which enables Mitratech to continue to drive portfolio expansion with corporate legal, risk and compliance, workflow automation and human resources solutions enabling digital transformation Following completion of the transaction, Hg, a leading global software investor and the majority investor in Mitratech since…
Matthew Norris appointed Chief Executive Officer of Titon Holdings
LONDON: Titon Holdings Plc announced the appointment of Matthew Norris as Chief Executive Officer (CEO). Matthew will take up the position of CEO and join the Board on 12 July 2021. Mat brings extensive experience from his previous roles, firstly at Ford Motor Company where he became a Program Leader and Product Development Manager and…
STM Group sells Gibraltar based trust and company services business for £2.45 million
LONDON: STM Group, the multi-jurisdictional financial services group, announced the unconditional sale of its Gibraltar based trust and company services business and its tax compliance business for consideration of £2.45 million plus net assets upon completion of approximately £0.57 million. The sale complements the Company’s strategy to focus on its core activities of pension administration…
Hg sells Trace One to Symphony Technology Group
LONDON: Hg, Europe’s leading software investor, has entered into an agreement to sell its investment in Trace One to Symphony Technology Group (STG), a news release said. STG is a Palo Alto-based private equity firm focused on investing in the software, data analytics, and software-enabled technology services sectors. This proposed sale is subject to French…